Whale Swaps 5,263 ETH Worth $10.4M for 2,000 XAUT Tokenized Gold Over Four Days
An unidentified whale wallet exchanged 5,263 ETH, valued at $10.4M, for 2,000 XAUT (tokenized gold) over the past four days, Lookonchain data show. The wallet address (0x83C0) routed 5,263 ETH via NEAR Intents before swapping into 2,000 XAUT, Tether Gold tokens representing physical gold. Lookonchain described the activity as a rotation from risk assets into a perceived safe-haven asset.